India's grocery start-up Big Basket gets $14.5 million boost in funding
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Big Basket is one of India's popular online grocery stores. They are competing against Amazon and Walmart backed Flipkart in the market. Big Basket has announced that they will receive $14.5 million in debt from local venture capital firm Trifecta capital. BigBasket had already closed $150 million of funding from a group of investors a few weeks ago. The company said that the new fund would be used to boost its cold chain.